Acquisition: STS Defence Group Limited
Crowe advised Cicor UK Limited (Cicor) on the acquisition of STS Defence Group Limited (STS).
STS is a provider of sustainment, support and modernisation solutions and mission-critical electronics and communications systems for aerospace and defence applications.
Cicor is a globally active provider of full-cycle electronic solutions and a manufacturer of high-reliability electronics for medical, industrial, and aerospace and defence applications. Following several recent acquisitions, the acquisition of STS will further extend Cicor’s presence in the target aerospace and defence sector in Europe.
Crowe's role and team
Crowe provided specialist financial and tax due diligence and transaction support services. Dan Nixon led the Corporate Finance team with support from Sacha Alam and Jon Pena. Trevor Ling led the team delivering specialist tax due diligence, supported by Chris Ho, Jamie Mcleod, Ajay Raval, Seb Harding and Reuben Joshua.
Client quotes
"As a key transaction support partner, Crowe delivered a comprehensive financial due diligence report on time, addressing the key risks and relevant points for us to focus our attention on the important issues. Their attentive support and responsiveness throughout the transaction process to completion was effective in enabling us to close the deal successfully."
Peter Neumann, Group Chief Financial Officer, Cicor UK Limited
